Ntpc green energy ipo opens on november 19: price band, gmp, listing and all key details you need to know

One of the much awaited IPO for the month of November 2024, NTPC Green Energy, is set to open for subscription on November 19, 2024 (Tuesday). NTPC Green Energy is a energy arm of the

state-owned NTPC. The public issue, aims to raise up to Rs 10,000 crore and will close on November 22. Here is everything you need to know about the IPO, its details, and the market

sentiment ahead of the opening. KEY DETAILS OF THE NTPC GREEN ENERGY IPO NTPC Green Energy's public offering is entirely a fresh issue of 92.59 crore equity shares. The price band for

the issue set by the company is between Rs 102 to Rs 108 per share. Moreover, the IPO will be available for subscription from November 19 to November 22, 2024. Image used for

representational purpose only | With a move to expand it renewable energy portfolio, the company plans the funds received from the offerings to be used primilarly in investing in its

wholly-owned subsidiary, NTPC Renewable Energy Limited (NREL). In addition to this, part of the funds will go towards repaying outstanding borrowings. MARKET SENTIMENT: GREY MARKET PREMIUM

AND INVESTOR APPETITE Ahead of the IPO’s opening, the grey market premium (GMP) for NTPC Green Energy shares has seen a significant dip. As of November 17, the GMP stands at just Rs 1-2 per

share. This is a sharp decline from the previous week when the shares commanded a GMP of Rs 9, which translated into a 2.78 per cent premium. Canva The current GMP suggests modest

expectations of listing gains, with shares possibly debuting at a premium of just 0.93 per cent over the issue price. INVESTMENT DETAILS NTPC Green Energy's IPO will have a lot size of

138 shares. The offer is split between Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors, with the majority 75 per cent reserved for QIBs.

Retail investors can apply for up to 10 per cent of the issue, with employees of NTPC Green Energy offered a discount of Rs 5 per share on their allotted shares. LISTING The listing of the

NTPC public issue is expected to take place on November 27, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). DISCLAIMER: _This article is for informational

purposes only and does not constitute financial advice. Investing in IPOs involves risks and potential volatility. Readers are advised to conduct their own research and consult a financial

advisor before making investment decisions. The author and publisher are not responsible for any financial losses incurred by readers._